Fox Factory Holding Corp (FOXF)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,232,310 | 2,242,300 | 1,618,340 | 1,515,730 | 1,286,560 |
| Total stockholders’ equity | US$ in thousands | 1,201,180 | 1,221,760 | 1,121,390 | 894,082 | 719,171 |
| Financial leverage ratio | 1.86 | 1.84 | 1.44 | 1.70 | 1.79 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,232,310K ÷ $1,201,180K
= 1.86
The financial leverage ratio of Fox Factory Holding Corp has shown fluctuations over the past five years. It decreased from 1.79 in December 2020 to 1.70 in December 2021, indicating a slightly lower level of debt relative to equity during that period. Subsequently, the ratio further decreased to 1.44 in December 2022, suggesting a more conservative capital structure with less reliance on debt.
However, there was an increase in the financial leverage ratio to 1.84 in December 2023, followed by a slight uptick to 1.86 in December 2024. These higher ratios indicate a higher proportion of debt in the company's capital structure compared to equity during those periods.
Overall, Fox Factory Holding Corp's financial leverage ratio has shown variability, with a mix of decreasing and increasing trends. It is essential for stakeholders to monitor these changes to assess the company's capital structure and debt levels effectively.
Peer comparison
Dec 31, 2024